Leading property investor and developer
Atterbury has been awarded the contract to develop a new distribution facility
for Aramex South Africa in Richmond Park, Milnerton, Cape Town.
The development and long-term lease agreement
were awarded to Richmond Park Development Company after a comprehensive request
for proposal process managed by Broll, which began mid-2019.
Aramex is a leading global provider of comprehensive logistics and
transportation solutions. Established in 1992, Aramex rapidly evolved into a
global brand recognized for its customer service and innovative multi-product
offering. Aramex employs more than 13,900 employees in over 354 locations
across 60 countries, and has a strong alliance network providing worldwide
presence. Aramex is also a publicly traded company on the Dubai Financial
Market (DFM: ARMX).
“Richmond Park is the prime
business site on Cape Town’s N7 corridor. It is a multibillion Rand mixed-use
development by major shareholders Atterbury, Old Mutual Properties, the Richmond
Park Communal Property Association (CPA) as well as Qubic 3 Dimensional
Property, Bethel Property and Atlantis,” says Gerrit van den Berg, who heads
Atterbury’s Western Cape operations.
The new Atterbury-developed
facility will consolidate Aramex’s two existing Cape Town facilities into one
fit-for-purpose 9,240sqm facility. Designed to Aramex’s unique specifications,
it will include a 8,000sqm warehouse for Aramex’s courier and distribution
divisions as well as 1,200sqm of offices.
Earthworks will begin in June this
year and the building will be completed in February 2021. Aramex will commence
trading from its new facility in March 2021.
Sean Berowsky, Head of Broll Broking in South Africa,
says that the decision to locate the new Aramex Western Cape HQ at Richmond
Park, Milnerton, was the result of an intense search for the best option for
Aramex’s future business needs.
“The respective Aramex and Atterbury teams were
exceptional in concluding this transaction, in a unique requirement which
blended two distinct business units into one world-class building; bringing
together the required operational and business synergies which were crucial to
Aramex’s needs,” says Berowsky.
Atterbury was chosen for this
landmark project based on its proven track record of delivering excellent
tailor-made development solutions
over more than 25 years in property development, investment and asset
management in South Africa and internationally.
Mia Kitshoff, the head of Atterbury’s leasing
in Cape Town, says the new custom-built Aramex facility is designed as a modern
and highly-efficient building, supported by Richmond Park’s excellent location
and superior transport access.
“We are excited to partner with Aramex on this
development and to provide it with the platform to further its business in Cape
Town. The new Aramex building will undoubtedly become a landmark for the city
with its N7 freeway-fronting branding,” notes Kitshoff.
Richmond Park enjoys unmatched access from
both the N1 and N7 highways, with excellent visibility from the latter, making
it an ideal location for logistics and warehousing.
As a popular and growing industrial node, the
operating and upcoming facilities at Richmond Park include those of Cape Fruit
Coolers, CTM, Mustek, Scoop, ACDC Dynamics, Max on Top, Corex and Sequence
Logistics in conjunction with RPP.
Richmond Corner convenience shopping centre,
anchored by Pick and Pay and Woolworths Food, will open in the precinct in
April 2020 to offer everyday shopping and dining for the park, surrounding
community and commuters.